|
|
 |
|
Viewing report
|
|
|
|
ATAC SpA
Standard & Poors, Dec 2004
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
Abstract
Continued strong financial backing from the City of Rome (AA-/Stable/--); Overall increased organizational and financial flexibility; and Progressively declining net financial position. Structural financial weakness. The 'A+' long-term and 'A-1' short-term issuer credit ratings on ATAC SpA, the transportation authority of the City of Rome, remain on CreditWatch with developing implications, where they were placed on June 25, 2004, following the announcement that the management of Rome's public-transportation system was to be reorganized (see 'Research Update: ATAC SpA' published June 25, 2004, on RatingsDirect). The reorganization process is now under way, and is expected to be completed by March 2005. Since June, several announcements have been made, including one on the creation of a new agency--the product of the merger...
Companies mentioned in this report are: ATAC SpA,Rome (City of),Acea SpA
Action: Review
|
|
|
|
